Legal Opinion
In re the Liquidation of Jugobanka, A.D.
New York Supreme Court
Decided November 14, 2014Published
1Opinion of the Court
OPINION OF THE COURT
Charles E. Ramos, J.
In motion sequence No. 003, the Superintendent of Financial Services of the State of New York (the Superintendent) moves for an order determining Sage Realty Corporation’s (Sage) priority of payment for its claim against Jugobanka A.D., Beograd (Jugobanka) pursuant to Banking Law §§ 620 (3) and 624 (5).
Background
This action arises out of special proceedings administered by the Superintendent to liquidate the New York licensed agencies of two foreign banks, Jugobanka and Beogradska Banka A.D., Beograd (collectively the agencies).
These proceedings…
2Cases cited2 opinions
- In re General Assignment for the Benefit of Creditors of International Ribbon Mills, Ltd.New York Court of Appeals · 1975
- Metro Burak, Inc. v. Rosenthal & Rosenthal, Inc.New York Supreme Court · 1975